Bullish stock surges 12% despite $280M quarterly loss driven by Bitcoin writedown
Investor optimism in Bullish's growth potential and strategic moves may outweigh immediate financial setbacks, influencing market confidence.
UBS Group AG increased its holdings in Blackrock’s Ishares Bitcoin Trust (IBIT) to about $90 million, a sharp rise that shows growing demand for regulated bitcoin exposure among wealthy and institutional clients. The Swiss bank disclosed the position in a Form 13F filed with the U.S. Securities and Exchange Commission (SEC) on Aug. 13.
Bitcoin closed lower after a volatile session, dropping to $62,912 before recovering slightly back above $63,000, pushing its market cap to $1.26 trillion. Crypto Liquidations Top $227 Million Following a virtually flat Wednesday close, bitcoin moved lower alongside an uptick in volatility.
August 13, 2026, 6:20 pmThe thesis is that high yields on long-term U.S.
August 13, 2026, 5:43 pmInvestor optimism in Bullish's growth potential and strategic moves may outweigh immediate financial setbacks, influencing market confidence.
Corporate holdings and dormant whale activity send mixed Bitcoin supply signals as selling pressure remains limited.
Bitcoin joined US stocks in modest gains after July PPI inflation data continued a cooling trend seen over the past month.
Metaplanet moved over 5,000 Bitcoin (worth about $322 million) this week, triggering market speculation that the firm might be liquidating a portion of its corporate reserves. On Aug.
U.S. spot bitcoin ETFs returned to net outflows on Wednesday, losing $61.16 million after Tuesday’s modest rebound. Ether funds saw a $7.38 million inflow, while solana, XRP and HYPE ETFs recorded no net activity.
Bitcoin flattened under $64,000 as flat July PPI and in-line CPI both failed to spark a rally, with Glassnode flagging absent buyers.
Bullish's Bitcoin strategy highlights the growing trend of corporate crypto holdings, influencing market dynamics and investor strategies.
Riot's strategic shift to AI infrastructure diversifies revenue streams, reducing reliance on volatile Bitcoin mining and enhancing investor appeal.
Crypto didn’t just slip quietly into online casinos. It arrived as a disruption. When Bitcoin first appeared in gambling circles in the early 2010s, it solved problems that the industry had been wrestling with for years.